Member Info for Barksy1

Not working this morning ...saying still closed

Interesting move Mr M :) and a lesson for me this time round ..

Hope so , all coming right at the same time, Bingo

A wiff of lolly then in the air. Better keep our ... powder dry :)

Wow, quick turnaround . Wonder where it’s heading ?

This morning :) awaiting the banks confirmation then ....

Well done Kiran, you did it, you are the real deal !

No probs, I’ve had a lot worse :) All good news from now on imo

What about it ? JUST ENJOY :)

First Iron Ore shipment from Amapa just announced by Cadence Minerals Plc @CadenceMinerals just now. This is a very big game changer. I reckon each 45,000 tonne Panamax is worth net US$4.5m. #KDNC. Well done Kiran and board. #ironore

From DL

No, not never no how... this is the real deal .

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Cadence Minerals PLC (KDNC)
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Monday 29 March, 2021
Cadence Minerals PLC
First Iron Ore Shipment From Amapa Since 2015

RNS Number : 7252T
Cadence Minerals PLC
29 March 2021

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")



Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil



Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineraço S.A's ("DEV") has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here ) and represents the first shipment of Iron Ore from this asset since its closure in 2015.



Highlights:



· The first shipment of 45,000 tonnes of iron ore from the Amapa Iron Ore Project has commenced

· The vessel is currently loading and is due to sail this week

· Iron Ore 62% Fe, CFR China at US$167.05 per tonne (26/02/2021)

· Approximately 1.39Mt of iron ore currently stockpiled as DEV's wholly-owned port

· Operations are continuing in Brazil to prepare for the next shipment



On 19 February 2021, the State of São Paulo Upper Court published the ruling allowing DEV to export sufficient iron ore to realise a US$10 million profit. Soon after, operations restarted moving material from DEV's wholly-owned port to Docas De Santana some 2 km away.



DEV worked with Indo Sino Pty Ltd ("Indo Sino") and Cadence to start operations, charter a vessel and carry out a competitive bid process for the cargo. The buyer is one of the world's largest globally diversified natural resource companies and a major producer and marketer of commodities.



The first portion of the net revenues shall be used to pay historic small and employee creditors (~US$2.5 million), after which approximately US$ 6 million of the net revenues will be used to begin recommissioning studies on the Amapa Iron Ore Project. The remaining net revenues will be used to provide working capital for the operations and payment against the outstanding amount due to the Bank Creditors.



Operations continue at the port in preparation for the next shipment, and at the mine, security has been put in place and tailing dam maintenance has commenced.



Settlement of Bank Creditors

In early September 2020, we announced that DEV Mineraço S.A's ("DEV"), Cadence and Indo Sino Pty Ltd ("the Investors") agreed in principle to the settlement terms proposed by the secured bank creditors ("Bank Creditors"). Detailed discussions and drafting of the legal documents continue. Positive steps have been made, and we believe all parties are aligned to complete and execute this agreement.



The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence's remaining major precondition to make its initial 20% in

Hope you are right Ban, although I think they’re more Garibaldi, Taxis ,Wagonwheel and Rock cake types (hopefully not sgones:)) ). Anyway surely it’s due this week otherwise there are going to be some very Hot Cross Bunnies missing their Golden Eggs .....

Eggciting week ahead :)

Start again . A tweet by you know who about Cadence

That’s why @CadenceMinerals Yangibana Rare Earth project is very important. #KDNC
In reply to this
"China. . . supplies 98% of Europe’s need for rare earth metals used in electric cars “could close down #Tesla in 5 weeks” torto.se/31fdm1h

@PlanetPonzi @Premafrimin @DavidLenigas

Elon & Silicon Valley will take it on the chin, shareholders & #Bitcoin  will hit the mat

https://www.tortoisemedia.com/2021/03/25/giles-whittell-the-future-of-cars-depends-on-china/

Reply
That’s why @CadenceMinerals Yangibana Rare Earth project is very important. #KDNC

Thanks so much to all you ship watchers , you’ve made it real ! It’s nearly pinch yourself time and guess what .....it’s only a full moon tomorrow....just has to be our turn this time :)

https://www.swedishclub.com/media_upload/files/Member%20Alerts/2017/Amazon%20circular%202017-02-01.pdf

Whether there is or not , this will be one of the very last times to top up or invest at this price . ...

Great ! Tomorrow it is Obs...

Thanks News. Just catching up . You have really been busy digging out some great information. From a novices’ point of view given all the effort dl/rem put into this initially, I can’t see how we would let the NO1 lithium company (the ultimate prize) slip through our fingers. I think there are a few of us on the same page and are looking forward to seeing what plays out next.